ATTOM's latest property data reveals a tightening housing market with national vacancy rates falling to 1.2 percent and zombie foreclosure activity showing a slight downward trend.
ATTOM released residential vacancy and zombie foreclosure data showing slight declines, but no direct financial impact on the company was disclosed.
ATTOM reported a decline in the national residential vacancy rate to 1.2 percent in its latest market analysis. The data also highlights a marginal decrease in zombie foreclosures, which now account for 3 percent of all properties in the foreclosure process.
A zombie foreclosure refers to a property where the homeowner has vacated the premises following a foreclosure notice, but the property remains in the owner's name because the lender has not completed the foreclosure process.